Pay Yourself Twice

wealthymatters.comThe details of this idea can be read here:

The general idea is that if we want to be seriously wealthy we need to do more than just save a small part of our incomes to be invested for the long term in various savings instruments so that we can achieve various life goals .Such a strategy will help us secure a middle class lifestyle but no more.So paying ourselves once secures us some insurance against the vagaries of life.To raise the capital to build businesses and participate in other higher risk ventures and to buy other truly passive assets we need to pay ourselves once again.

BTW the savings rate suggested so that we pay ourselves twice is over 75%. To check your savings rate why not use the calculator here: ?

About Keerthika Singaravel

One Response to Pay Yourself Twice

  1. Kennith says:

    It’s a good post.

Please Leave Me Your Comments!I Love Reading Them!

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: